Login ID:
Partner Login
Contact Us : 7066511911

M.P Cotton Trades Steady For Second Straight Session amid Rising Arrivals

30 Sep 2020 2:28 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

MUMBAI (commodities control) - Cotton prices continue to hold steady for second consecutive session in Madhya Pradesh as yarn mill demand is limited, while cotton arrivals are rising.

Traders see arrivals rising in the coming days due to which buyers are reluctant to purchase now. State mandis' cotton arrivals were registered 2500 bales vs 2200 bales on Tuesday. Kapas prices continue to trade in the range of Rs 3000-4200. Cottonseed was priced at Rs 2100-2400 and Cottonseed oilcake was priced at Rs 2180-2325 per quintal. RD variety of cotton prices was quoted steady at Rs 33,000-36,000 per candy. USDA attaché reports that Indian cotton production is estimated at 29.4 million 480-lb bales in marketing year (MY) 2020/21 on an area of 13 million hectares. "Well distributed monsoon rains have provided adequate moisture, accelerated the pace of sowing, and improved yield prospects, which are expected to increase by two percent compared to last year." "Ex-gin cotton prices are improving as mill purchases and exports of cotton yarn and fabric show signs of growth. However, sizable carryover cotton stocks remain, which keep prices suppressed. The domestic consumption outlook remains weak as COVID-19 concerns continue to keep consumers away from retail stores.”

  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  

Top | Post Comment  

Latest Market Commentary
Burma Urad Firm in Chennai/Delhi, Domestic Variety Flat...
Branded Processed Pulses At Mumbai APMC Market- 31st Oc...
Imported Masoor Dips In Kolkata, Domestic Masoor Variet...
Urad FAQ Gains in Delhi, Masoor Extends Fall
Chana Trades Unchanged In Delhi
Top 5 News
Price Rise Continues In Mustard Seed, Oil, Cake, Stocki...
Maharashtra Sugar Mill Prices – 31 OCTOBER 2020
Tamil Nadu Sugar Mill Prices – 31 OCTOBER 2020
Uttar Pradesh Sugar Mill Prices - 31 OCTOBER 2020
Ten Lakh Quintal Guar Seed Arrived In October, Sluggish...
Top 5 Special Reports
USD/INR (Nov ‘20) – Testing Short-term Resistance Near ...
USD/INR (Nov ‘20) – Positive Short-term Trend / May Ret...
USD/INR (Nov ‘20) – Positive Short-term Trend / May Ret...
USD/INR (Oct ‘20) – Positive Short-term Trend / May Ret...
Weekly: Tur, Chana Plunge Most This Week, Moong Gains
Copyright © CC Commodity Info Services LLP. All rights reserved.